Robeco Institutional Asset Management B.V. Has $65.82 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

Robeco Institutional Asset Management B.V. lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,874,733 shares of the company’s stock after purchasing an additional 109,777 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.15% of Kraft Heinz worth $65,822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fortitude Family Office LLC raised its position in Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after purchasing an additional 529 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in Kraft Heinz during the first quarter worth about $27,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after purchasing an additional 797 shares in the last quarter. Asset Dedication LLC grew its holdings in shares of Kraft Heinz by 94.8% in the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after buying an additional 476 shares during the period. Finally, Bangor Savings Bank bought a new stake in shares of Kraft Heinz in the 3rd quarter valued at $32,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Down 0.3 %

NASDAQ:KHC opened at $33.38 on Tuesday. The Kraft Heinz Company has a twelve month low of $31.58 and a twelve month high of $38.96. The firm has a market capitalization of $40.36 billion, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 3.49 and a beta of 0.49. The company has a quick ratio of 0.53, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $35.10 and its two-hundred day moving average price is $34.78.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. Equities research analysts expect that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Analyst Ratings Changes

A number of research analysts have issued reports on KHC shares. Barclays decreased their target price on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday. Citigroup reduced their price target on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Evercore ISI dropped their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their target price on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company increased their target price on Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Kraft Heinz presently has an average rating of “Hold” and an average price target of $37.25.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.